WASHINGTON (Reuters) – General Motors Co and Fiat Chrysler Automobiles NV said on Thursday they plan to resume normal operations after they were forced to cancel shifts at plants in Michigan over concerns about the state’s natural gas supply. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn… Continue reading GM, Fiat Chrysler to resume normal operations after utility strain
Tag: FCA
Fiat Chrysler cancels shifts due to strains on utility
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Thursday it was canceling two additional shifts at its Warren Truck and Sterling Heights Assembly plants after CMS Energy Corp made… Continue reading Fiat Chrysler cancels shifts due to strains on utility
UPDATE 1-Ferrari’s CEO “bullish” about earnings, shares jump
MILAN (Reuters) – Ferrari expects growth in core earnings to accelerate to 10 percent this year and Chief Executive Louis Camilleri said he might raise targets for 2020, betting on new models and special editions at premium prices to lure customers. FILE PHOTO – A group of Ferrari owners park their cars to show on… Continue reading UPDATE 1-Ferrari’s CEO “bullish” about earnings, shares jump
Fiat Chrysler cancels additional shifts at two plants after utility fire
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said Thursday it is cancelling two additional shifts at its Warren Truck and Sterling Heights Assembly plants after CMS Energy Corp made an… Continue reading Fiat Chrysler cancels additional shifts at two plants after utility fire
Ferrari Q4 core earnings up 6 pct, shares rise
FILE PHOTO – A group of Ferrari owners park their cars to show on display at the SVGT car enthusiast gathering in San Diego, California, U.S., April 28, 2018 REUTERS/Mike Blake/File Photo MILAN (Reuters) – Italian luxury maker Ferrari on Thursday posted an expected 6 percent rise in fourth-quarter core earnings, helped by positive performance… Continue reading Ferrari Q4 core earnings up 6 pct, shares rise
GM halts operations at 11 Michigan plants after utility’s appeal
FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio WASHINGTON (Reuters) – General Motors Co said late Wednesday it will suspend operations at 11 Michigan plants and its Warren Tech Center, after a utility made an emergency appeal to users to… Continue reading GM halts operations at 11 Michigan plants after utility’s appeal
Statement Regarding FCA Related Rumors
Recent media reports have indicated that Zhejiang Geely Holding Group (ZGH) has expressed interest in acquiring the assets of Fiat-Chrysler (FCA). Geely Holding has no plans to expand its current portfolio and has not entered into any commercial talks with the opposing party. Geely Holding is fully focused on developing its own internal innovation ability… Continue reading Statement Regarding FCA Related Rumors
Maserati plans shake-up to combat sales slump
Faltering sales and profits at Maserati are prompting a change of strategy for the luxury sports car marque. New Fiat Chrysler Automobiles CEO Michael Manley has admitted that the organisational pairing of Maserati with Alfa Romeo was a mistake, and resulted in the former being treated “almost like a mass-market brand”. Manley has returned Harald… Continue reading Maserati plans shake-up to combat sales slump
Bosch buys out Daimler at EM-motive
Automotive supplier Robert Bosch has acquired Daimler’s stake in EM-motive, a manufacturer of motors for electric and hybrid cars set up as a joint venture by both companies. For Bosch, the acquisition is the “next logical step on the path to market leadership in electromobility”, said Stefan Hartung, member of the company’s board of management… Continue reading Bosch buys out Daimler at EM-motive
Jeep® Wrangler and Ram 2500, 3500 Receive Vincentric Best Value in America Awards
January 29, 2019 , Auburn Hills, Mich. – Vincentric has named the 2019 Jeep® Wrangler and 2019 Ram 2500 and 3500 winners of its 2019 Vincentric Best Value in America awards. The Ram brand was honored with Best Value in America in the Truck Brand category. Jeep Wrangler has been named the winner of the Vincentric Best Value… Continue reading Jeep® Wrangler and Ram 2500, 3500 Receive Vincentric Best Value in America Awards